Investment Funds
in Central America
Thursday, January 26, 2012
Aldesa introduced an investment fund made up of $100 shares to finance the Ad Astra Rocket Company, which is developing a plasma engine for space travel.
A press release by Aldesa states that the fund, entitled “the Aurora Fund”, will be administered by INS SAFI investment and will invest in shares of the Ad AstraRocket Company, which was founded and chaired by astronaut Franklin Chang Diaz.
Tuesday, January 3, 2012
With a growth rate of 7.5%, the country attracted $3 billion in foreign direct investment (FDI).
The Minister of Economy and Finance, Frank De Lima, said that implementation of Law No. 41 of August 24, 2007, which created a special regime for the establishment and operation of multinational companies, was a key factor for attracting FDI.
Monday, December 19, 2011
The fund, which will receive the additional revenue generated by the Panama Canal when the new locks come into operation, will be the Government’s main task next year.
The Minister of Economy and Finance in Panama, Frank De Lima, in a meeting with the press, said that the priority for his department will be to create a draft bill to be debated in the political and social arena before being sent to the National Assembly.
Monday, December 12, 2011
The crisis of 2008 halted the development of the ambitious project in the Gulf of Papagayo tourist hub, and solutions are being sought to maintain it.
The project is owned by Monte del Barco Real Estate Fund, administered by Aldesa Investment Funds.
There is need to resolve the financial situation of the project in order to continue with its development, so solutions have emerged such as the purchase of lots by the same investors in the Fund, which so far has not been successful, and the transfer of part the land to a group of providers in exchange for building the basic infrastructure so as to enable the project to continue.
Tuesday, November 15, 2011
The regulations for the investment of venture capital funds, which were recently published by the Superintendency of Securities, have generated positive expectations from market participants.
Although there are differences of opinion, most experts in the field feel the addendum to the regulation of investment funds covers all the minimum elements that must be detailed in an instrument of this nature.
Monday, November 7, 2011
The primary objective of this scheme is the temporary investment in private bonds of recommended companies, which have not been registered on a stock market over the past five years.
Costa Rica’s National Council of Financial System Supervision approved the regulations covering the operation of the long-awaited Venture Capital Funds.
These instruments are an alternative for financing projects or companies, especially those which by their nature have limited access to traditional funding mechanisms.
Monday, August 1, 2011
The fund will collect the additional revenue generated by the Panama Canal when the new locks come into operation.
Alberto Vallarino, Minister of Economy and Finance, explained that it will function as a stabilization fund, ensuring that budgets are balanced and without deficit, adding that its management will be totally independent from the government.
Thursday, July 28, 2011
The connection between entrepreneurs with good ideas and sophisticated investment professionals results in venture capital funds.
For years, experts in this type of investment have tried to promote the development of a format that will allow the participation of several sophisticated investors in the financing of enterprises that require resources for their development.
Tuesday, May 3, 2011
Four businesses have acquired part of the investment fund management company .
The sale of this subsidiary of Interbolsa is the latest in the list of changes and restructuring experienced by the Group since 2009, when it closed its money exchange office.
Friday, February 4, 2011
According to a Constitutional Court decision, contributions to all pension funds may be deducted from taxes.
Before this decision only contributions to pension funds authorized by the Superintendence of Banks were deductible from income tax (ISR).
Thursday, January 13, 2011
The Superintendence of Tax Administration (SAT) clarified that it will only accept deductions on income tax from pension funds authorized by the Social Security Institute (IGSS).
Omar Franco, collection manager of SAT, stated that under current law, banks and financial institutions do not have approved pension funds or retirement plans, and that those are investment funds or future schedule plans, but not pension funds.
Wednesday, December 8, 2010
Despite the international financial crisis, assets have grown by 8% in 2010 and the number of investors increased 10% to 33.432 customer accounts.
Among other options, stock funds won over many investors reappearing as an investment option with over 200 investors. Also open Growth Funds increased 12%, Megafunds with an 11% increase and Money Markets with 12%.
Thursday, November 4, 2010
Before the end of the year the company expects to close the purchase of Asesuisa y Asesuisa Vida and pension fund manager AFP Crecer.
This was informed by company CFO, Andrew Bernal, to Bnamericas.com.
"Suramericana will acquire AFP Crecer through its unit AFP Proteccion, the second largest manager of private pension funds in Colombia."
Tuesday, November 2, 2010
A court decision removed the obligation to collect commission on early fund recovery or to enforce minimum periods of investment for those funds.
The measure had been adopted by the Supervisory Board of the Financial System (CONASSIF), amending the General Rules on Mutual Funds Investment to prevent investors without the appropriate profile from entering into long-term funds.
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